Statue unveiled to Bitcoin founder in Hungary
A bronze statue has been unveiled in the Hungarian capital which, according to the creators, is the first in the world to pay tribute to the anonymous creator of the digital currency Bitcoin.
Erected in a business park near the Danube in Budapest, the bust rests on a stone plinth engraved with the name Satoshi Nakamoto, the pseudonym of the mysterious Bitcoin developer whose true identity is unknown.
The bustless face, wrapped in a hoodie emblazoned with the Bitcoin logo, is heavily polished to make it reflective like a mirror that viewers can see themselves in.
Its creators say they hoped to convey the basic idea of Bitcoin: that it belongs to everyone and no one at the same time.
“We see Satoshi as the founding father of the entire cryptocurrency industry,” said Andras Gyorfi, Bitcoin journalist and initiator of the project.
“He created Bitcoin, he created blockchain technology, he is the god of our market.”
Its creators, sculptors Reka Gergely and Tamas Gilly, sought to represent a human form while remaining true to Nakamoto’s anonymity.
“It was a big challenge. It’s very difficult to paint a portrait of someone who we don’t know exactly what they look like, ”Gilly told The Associated Press. “I hope that through the language of sculpture, I have succeeded in conveying the basic idea of Bitcoin, that it belongs to everyone and to no one at the same time.”
Bitcoin was created in 2008 in the wake of the global financial crisis and aimed to bypass traditional financial institutions by developing secure technology for peer-to-peer online transactions without using intermediaries like banks.
Its founding white paper published that year was authored by Nakamoto – a pseudonym that can refer to a person or group of people of unknown gender, age, or national origin.
The organizers of the statue project invited Nakamoto to the inauguration, Gyorfi said, hoping to finally uncover the true identity of the inventor of Bitcoin.
But although the event drew several hundred people, no one showed up to claim responsibility for the development of the cryptocurrency which has attracted tens of millions of investors and was adopted this month as the currency. legal in El Salvador.
Mr Gyorfi said the statue was a token of respect for Nakamoto and an effort to “raise awareness about blockchain and cryptocurrencies.”
Along with other Hungarian Bitcoin enthusiasts, he raised around $ 10,000 (£ 7,240) in cryptocurrency donations to fund the creation of the bust.
But that had to be converted into Hungarian currency, he said, because “unfortunately sculptors and other service providers don’t accept Bitcoin yet.”